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ONE Group, a Delhi-NCR based real estate developer, has announced the launch of its premium housing project “The Clermont” in Mohali, targeting revenue of around ₹400 crore. The project, part of the company’s larger township “ONE City Hamlet” in Sector 98, recently received approval from the Real Estate Regulatory Authority (RERA).

The development, spread across a built-up area of 4.75 lakh square feet, will include 216 independent floors, each designed as three-bedroom units with stilt plus four storeys. Prices are expected to begin at ₹1.60 crore. According to the company, delivery is scheduled within three years, with construction relying on aluminium formwork technology to improve quality and durability.

Executives at ONE Group said the project represents their growing focus on expanding beyond NCR into markets such as Punjab, where demand has been supported by both local buyers and non-resident Indians. They added that Mohali’s real estate market has matured in recent years, supported by infrastructure growth, institutional presence, and proximity to Chandigarh.

The Clermont is positioned within a 150-acre integrated township that also includes residential plots, schools, healthcare facilities, and commercial developments. The developer said this approach is meant to provide residents with a self-sustained living environment, combining modern amenities with community-oriented planning. Sector 98’s location, adjacent to Sector 97, is an additional draw as GMADA is developing an urban forest there, modelled after Chandigarh’s Rose Garden.

Industry observers note that Mohali real estate has attracted significant interest due to urban spillover from Chandigarh. Large-scale projects are being marketed not only to end-users but also to investors seeking long-term capital appreciation. The Clermont’s focus on independent floors is seen as a response to demand from families looking for greater privacy and space compared to traditional apartment living.

ONE Group’s announcement comes amid rising confidence in Punjab’s housing market. According to data from Anarock, housing sales in the top seven Indian cities grew by 32 percent in 2024 compared with the previous year. While Mohali is not part of the top seven in terms of transaction volumes, developers have increasingly identified it as a growth corridor, supported by the international airport, IT sector expansion, and educational hubs.

By opting for aluminium formwork construction, the developer aims to mitigate delays, an issue that has often hampered large residential projects across India. The technology allows for faster completion while maintaining structural consistency. Executives said this would help ensure the three-year delivery timeline, a key factor in building trust among homebuyers.

The Clermont’s positioning as a premium project also reflects an emerging trend in Mohali real estate, where higher-income buyers are seeking lifestyle-oriented communities. Independent floors, combined with township amenities such as green spaces and healthcare access, are being marketed as a hybrid model balancing exclusivity with shared infrastructure.

For ONE Group, the ₹400 crore revenue target is ambitious but aligns with its strategy of establishing a foothold in northern India outside NCR. The company said its focus would be on delivering projects that combine modern construction practices with community-centric planning.

Analysts believe the success of The Clermont could influence how developers approach Mohali in the coming years. If the project meets its delivery and quality benchmarks, it may encourage greater investor confidence in integrated township models. The presence of large-scale infrastructure projects such as the Mohali-Chandigarh express connectivity and upcoming metro proposals also add to the appeal of the sector.

While buyers have traditionally considered Chandigarh as the more established market, Mohali’s relative affordability, coupled with projects like The Clermont, is reshaping the narrative. The city has positioned itself as a residential destination offering both urban convenience and access to green surroundings, something developers are keen to highlight.

With RERA approval in place, ONE Group’s project will be closely watched by potential buyers, investors, and industry analysts. Its performance may also offer insights into how Mohali real estate evolves as developers introduce more premium offerings in response to shifting demand.

As the project progresses, homebuyers will likely focus on timely delivery, transparency in pricing, and promised quality standards. Whether ONE Group’s revenue target is achieved will depend not just on sales velocity but also on maintaining credibility in a competitive and increasingly discerning market.